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Alexander Elder Quotes: The goal of a successful trader is to make the best trades. Money is secondary.
         

The goal of a successful trader is to make the best trades. Money is secondary.


Alexander Elder
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"Alexander Elder Quotes." Quoteslyfe.com, 2024. Thu. 26 Dec. 2024. <https://www.quoteslyfe.com/quote/The-goal-of-a-successful-trader-is-352679>.





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Other quotes of Alexander Elder


Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.

Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.



Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.



The market does not know you exist. You can do nothing to influence it. You can only control your behavior.

The market does not know you exist. You can do nothing to influence it. You can only control your behavior.



When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.

When a beginner wins he feels brilliant and invincible Then he takes wild risk and loses everything.



To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.

To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.



Remember, your goal is to trade well, not to trade often.

Remember, your goal is to trade well, not to trade often.



Losers bring money into the market which is necessary for the prosperity of the trading industry.

Losers bring money into the market which is necessary for the prosperity of the trading industry.



The markets are unforgiving, and emotional trading always results in losses.

The markets are unforgiving, and emotional trading always results in losses.



Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.

Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.



Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.

Traders lose because the game is hard, or out of ignorance, or lack of discipline or because of both.





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I have always kept a stack of library books next to my bed as a lifeline. If I ever woke in the middle of the night too scared to move or too sad to roll over, the books were my saviors.

I have always kept a stack of library books next to my bed as a lifeline. If I ever woke in the middle of the night too scared to move or too sad to roll over, the books were my saviors.



That's how you win - pitching and defense.

That's how you win - pitching and defense.



Freedom is not overcoming what you think stands in your way. It is understanding that what is in your way is part of the way.

Freedom is not overcoming what you think stands in your way. It is understanding that what is in your way is part of the way.



My ultimate goal is to spend as many of my moments in life as I can in that world that the poet Rumi talks about, 'a place beyond rightness and wrongness.

My ultimate goal is to spend as many of my moments in life as I can in that world that the poet Rumi talks about, 'a place beyond rightness and wrongness.



I wake up and I go to work. I don't look for the cup of coffee. The universe is enough of a draw for me - to awaken me and have me bound out of bed and go to my office.

I wake up and I go to work. I don't look for the cup of coffee. The universe is enough of a draw for me - to awaken me and have me bound out of bed and go to my office.



go barefoot and be warm all the time not only when you go to bed and sleep

go barefoot and be warm all the time not only when you go to bed and sleep



Artists are very young, and say, Um, ok, to these industry dudes.

Artists are very young, and say, Um, ok, to these industry dudes.



Modern politics has become little more than shirking responsibility and blaming somebody else.

Modern politics has become little more than shirking responsibility and blaming somebody else.



The future is called 'perhaps,' which is the only possible thing to call the future. And the important thing is not to allow that to scare you.

The future is called 'perhaps,' which is the only possible thing to call the future. And the important thing is not to allow that to scare you.




Quote Description


This page presents the quote "The goal of a successful trader is to make the best trades. Money is secondary.". Author of this quote is Alexander Elder. This quote is about success, money, goal, successful,.